May. 20 at 12:48 PM
$ORBT Orbit International reports Q1 EPS (22c) vs. (33c) last year
Reports Q1 revenue
$6.2M vs.
$5.2M last year. David Goldman, Chief Financial Officer, noted, "At March 31, 2024, our cash and cash equivalents aggregated approximately
$1.8 million and our financial condition continued to remain solid as evidenced by our 3.3 to 1 current ratio. Our book value per share at March 31, 2024 was
$5.30, which compares to
$5.54 at December 31, 2023. To offset future federal and state taxes resulting from profits, we have approximately
$3.9 million and
$0.5 million in available federal and New York State net operating loss carryforwards, respectively."
